Fifth Street Finance Corp. (NASDAQ:OCSL) had its price objective hoisted by J P Morgan Chase & Co from $5.50 to $6.00 in a research note released on Wednesday, November 1st. J P Morgan Chase & Co currently has a neutral rating on the credit services provider’s stock.
Several other equities analysts have also recently issued reports on the company. Zacks Investment Research raised Fifth Street Finance Corp. from a sell rating to a hold rating in a report on Monday, October 16th. Keefe, Bruyette & Woods reissued a hold rating and set a $6.00 price target on shares of Fifth Street Finance Corp. in a research report on Monday, October 16th. BMO Capital Markets reissued a hold rating and set a $4.00 price target on shares of Fifth Street Finance Corp. in a research report on Friday, October 6th. BidaskClub raised Fifth Street Finance Corp. from a hold rating to a buy rating in a research report on Wednesday, October 4th. Finally, ValuEngine downgraded Fifth Street Finance Corp. from a strong-buy rating to a buy rating in a research report on Monday, October 2nd. One analyst has rated the stock with a sell rating, five have given a hold rating and six have issued a buy rating to the company’s stock. The company presently has an average rating of Hold and a consensus target price of $5.88.
Shares of Fifth Street Finance Corp. (NASDAQ:OCSL) opened at $5.53 on Wednesday. The company has a market capitalization of $771.05, a P/E ratio of 8.97, a PEG ratio of 2.05 and a beta of 0.14. Fifth Street Finance Corp. has a 1-year low of $3.90 and a 1-year high of $5.91. The company has a quick ratio of 0.44, a current ratio of 0.44 and a debt-to-equity ratio of 0.56.
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In related news, major shareholder Leonard M. Tannenbaum sold 1,409,606 shares of the stock in a transaction that occurred on Thursday, October 19th. The stock was sold at an average price of $5.56, for a total value of $7,837,409.36. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Bernard D. Berman sold 20,000 shares of the stock in a transaction that occurred on Friday, September 29th. The stock was sold at an average price of $5.43, for a total value of $108,600.00. Following the completion of the transaction, the chief executive officer now directly owns 35,968 shares of the company’s stock, valued at $195,306.24. The disclosure for this sale can be found here. 0.14% of the stock is currently owned by corporate insiders.
A hedge fund recently bought a new stake in Fifth Street Finance Corp. stock. Hillsdale Investment Management Inc. bought a new position in Fifth Street Finance Corp. (NASDAQ:OCSL) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 23,600 shares of the credit services provider’s stock, valued at approximately $129,000. 34.65% of the stock is owned by institutional investors.
About Fifth Street Finance Corp.
Oaktree Specialty Lending Corporation, formerly Fifth Street Finance Corp., is a specialty finance company. The Company is a closed-end, non-diversified management investment company. The Company acts as a business development company (BDC). The Company’s investment objective is to maximize its portfolio’s total return by generating current income from its debt investments, and capital appreciation from its equity investments.
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